TIME dotCom’s revenue in 2Q12 up on acquisitions

17 Aug 2012

Alternative Malaysian fixed line and broadband provider TIME dotCom (TdC) has posted a 27% year-on-year increase in consolidated revenues on the back of positive contributions from its new acquisitions. For the three months ended 30 June 2012 TdC reported that turnover of MYR105.9 million (USD33.9 million), up from MYR83.6 million in the same period a year earlier. Of that, the company noted that its existing businesses, which had generated revenue of MYR83.6 million in Q2 2011, accounted for MYR85.7 million of the total in the most recent fiscal quarter. New businesses meanwhile accounted for a sizeable chunk of sales, with TdC confirming that the combined revenue from recent acquisitions was MYR20.2 million. On 17 May 2012 the operator completed the purchase of AIMS Group, one of Malaysia`s leading network neutral data centres, and wholesale internet service and backhaul provider Global Transit Communications.

Consolidated group earnings before interest, tax, depreciation and amortisation (EBITDA) stood at MYR39.3 million in the second quarter of 2012, up 38%, with new companies contributing MYR11.7 million. Operating profit for the three-month period meanwhile totalled MYR23.3 million, up from MYR15.1 million in 2Q11, with TdC recording a profit before tax of MYR38.7 million, against MYR28.6 million a year earlier.

Malaysia, TIME dotCom